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West Coast Refiners Face Tighter Heavy Crude Market after Ecuador's Petroamazonas Suspends Production

By Criterion Research
October 9, 2019 -

Already facing a tight heavy crude market, things could get worse for West Coast refiners due to the 12% disruption of Ecuador's oil production. 

Crude oil from Ecuador accounts for roughly 11% of U.S. West Coast imports, so a supply disruption could cause a scramble to find replacement barrels. 

On Monday, Ecuador's Petroamazonas reported that 63.3 Mbbls/d of oil had been suspended in the Sacha, Auca, and Libertador oil fields following protests that led to seizures of facilities and closures of roads. 

The three oil fields produce heavy sour Oriente, which contains a 23.7 API and 1.50% sulfur content, making it a decent replacement for Iranian and Venezuelan crudes, currently under U.S. sanctions. 



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Entities
Petroamazonas

Categories
Oil and Gas
Downstream

Commodities
Crude Oil

Tags
Crude and Condensate Exports
Refining

Regions
South America

Countries
Ecuador
United States

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